Shady Side Academy

Tax-deductible

Pittsburgh, PA501(c)(3)Since 1885EducationEIN 25-0965561

Shady side academy offers an exceptional pre-k through twelfth grade academic and balanced educational experience by challenging each student to realize his or her potential in a stimulating and nurturing environment.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 44 volunteers and 594 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Worth a look: 1 of the last 5 filings shows a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
72%
of spending
Worth a look: 72% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
What are leaders paid?
$2.3M
to officers and key staff · 4% of spending
Looks good: leaders' pay is 4% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $1K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$20.5M
liabilities
Looks good: debts are 12% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
21
independent of 25 voting board members
Looks good: 21 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$56.8M
+9% vs prior year
Spent
$52.9M
To programs
72%
Net assets
$147.0M
By yearFY2020–FY2024
Revenue
$56.8M
FY2024▲ +9%
Revenue by fiscal year
FY2020$37.0M
FY2021$44.0M
FY2022$47.8M
FY2023$61.3M
FY2024$52.0M
FY2024$56.8M
Expenses
$52.9M
FY2024▲ +5%
Expenses by fiscal year
FY2020$39.8M
FY2021$40.6M
FY2022$42.8M
FY2023$46.2M
FY2024$50.6M
FY2024$52.9M
Net assets
$147.0M
FY2024▲ +8%
Net assets by fiscal year
FY2020$91.6M
FY2021$113.0M
FY2022$108.7M
FY2023$128.4M
FY2024$136.3M
FY2024$147.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CShady Side Academy
EINHdr · item D25-0965561
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1925
Year of formationHdr · item L1885
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPittsburgh, PA
NTEE classificationIRS BMFEducation (B200)
WebsiteHdr · item Jwww.shadysideacademy.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.27 Fundraising $0.01
Program services72%$38.0M
Management & general27%$14.1M
Fundraising1%$769K
Total functional expensesLn 25$52.9M

Financial health

Is it on solid ground?

Program efficiency
72%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
24.4mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +154% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$167.4M
FY2024▲ +8%
Total assets by fiscal year
FY2020$102.2M
FY2021$133.2M
FY2022$126.1M
FY2023$146.5M
FY2024$155.1M
FY2024$167.4M
Total liabilities
$20.5M
FY2024▲ +9%
Total liabilities by fiscal year
FY2020$10.6M
FY2021$20.2M
FY2022$17.3M
FY2023$18.0M
FY2024$18.8M
FY2024$20.5M
Revenue less expensesPt I · Ln 19$3.9M
Total assetsPt X · Ln 16$167.4M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 421

Balance Sheet

Part X · end of year
CashLn 1$15.1M
Total assetsLn 16$167.4M
Total liabilitiesLn 26$20.5M
Total net assetsLn 32$147.0M
Months of cash on handcomputed3.4

Statement of Revenue

Part VIII
Program service revenue$45.9M · 81%
Contributions & grants$6.3M · 11%
Investment income$4.6M · 8%
Program service revenue81%$45.9M
Contributions & grants11%$6.3M
Investment income8%$4.6M
Other revenue$11K
Total revenueLn 12$56.8M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $107.4M · Operating expenses (Pt IX) $52.9M · Less non-cash grants $150K · Cash operating expenses/yr $52.8M
24.4 months
Where the money goes
Program services
Program services $38.0M · Total expenses $52.9M
72%
Management & General
Management & general $14.1M · Total expenses $52.9M
27%
Fundraising
Fundraising $769K · Total expenses $52.9M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $880K · Solicited contributions (3-yr avg) $10.1M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.3M · Total revenue $56.8M
11%
Government reliance
Government grants — · Total revenue $56.8M
—
Earned-income share
Program service revenue $45.9M · Total revenue $56.8M
81%
Investment reliance
Investment income $4.6M · Total revenue $56.8M
+8%
Program self-sufficiency
Program service revenue $45.9M · Total expenses $52.9M
87%
Growth & trend
Revenue growth (YoY)
This year $56.8M · Prior year $52.0M
+9%
Revenue CAGR
FY2019 $37.0M · FY2024 $56.8M
+9%
Net-asset trend (YoY)
End of year $147.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $56.8M · Expenses $52.9M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $167.4M
—
Net-asset ratio
Net assets $147.0M · Total assets $167.4M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $72.9M · Other securities (Pt X, ln 12) $19.5M · Total assets (Pt X, ln 16) $167.4M
55%
People & payroll
Highest Reported Total Compensation
Individual Bartley P Griffith JR · Reported title PRESIDENT · Highest reported compensation $672K · Total expenses $52.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $30.8M · Total expenses $52.9M
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 27%——
Fundraising cost ratio 12%——
Revenue growth 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$672,115Pt VII · Sec A
VP of Finance
$193,000Pt VII · Sec A
Senior School - Head of School
$179,921Pt VII · Sec A
Head of Country Day School
$172,484Pt VII · Sec A
Head of School
$164,559Pt VII · Sec A
Director of Ed. Technology
$154,383Pt VII · Sec A
Director of Facilities
$137,480Pt VII · Sec A
Chief Enrollmont Officer
$130,925Pt VII · Sec A

Bartley P Griffith JR’s $672K as President is at the 95th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Bartley P Griffith JR$672,115$521,109$357,283$363,816$330,250$152,750
Amy Nixon——$176,764$169,282$172,750$202,750
James Rohr JR——$198,028———
Amy Szlachetka$193,000$148,588$95,439———
Rosalynd Sabundayo$179,921$174,463$170,995———
Gilbert Schneider—————$177,419
Katharine Fredriksen———$175,967$107,000—
Jennifer Asmonga$172,484$163,580$160,201$141,215$112,500—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 25Voting board membersPt VI · Ln 1a
  • 21Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates students from pre-kindergarten through twelfth grade.

Provided by the organization

This section is blank until Shady Side Academy claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $38.0M of program spending, described in the organization's own filed words · FY2024.
01

Instructional

Founded in 1883, shady side academy's primary program service is the education of students in pre-kindergarten through grade 12 in a coed school environment, with an optional boarding experience in high school.

$34.0Mprogram expense
02

Auxiliary Services

-residential life program: the academy operates a five and seven day boarding program. In the 2024/2025 academic year, there were approximately 68 senior school student boarders. The students are housed in academy dormitories located on the senior school campus.

$2.9Mprogram expense
03

Summer Programs

Shady side academy summer extends the relational learning and robust opportunities that are unique to shady side academy during the school year, long into the summer months. After the school year ends, summer camp is offered for students who are entering pre-k through 12TH grade the following school year.

$1.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 22 grants · $32.6M · 2019–2024
Unitemized GrantFY2024$5,142,700
Unitemized GrantFY2024$363,480
Unitemized GrantFY2024$25,498
Unitemized GrantFY2024$2,609
Unitemized GrantFY2023$5,320,836
Unitemized GrantFY2023$360,673
Unitemized GrantFY2023$32,926
Unitemized GrantFY2023$10,437
Unitemized GrantFY2023$6,071
Unitemized GrantFY2022$5,107,323
Unitemized GrantFY2022$394,449
Unitemized GrantFY2022$23,475
Unitemized GrantFY2022$19,308
Unitemized GrantFY2022$6,907
Unitemized GrantFY2021$5,087,904
Unitemized GrantFY2021$303,218
Unitemized GrantFY2020$5,582,082
Unitemized GrantFY2020$231,749
See all 22 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $52.0M$50.6M-15% 990 PDF
FY2023 $61.3M$46.2M+28% 990 PDF
FY2022 $47.8M$42.8M+9% 990 PDF
FY2021 $44.0M$40.6M+19% 990 PDF
FY2020 $37.0M$39.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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